How to Buy a Home

1. Choose a Realtor ®

• Interview and find a Full-time, Full-service Ann Arbor Real Estate Professional.
• Don’t be afraid to ask about Qualifications.
• Discuss various Agency Relationships – Sign Agency Disclosure before disclosing confidential information.
• Establish Expectations Regarding Communication.

2. Determine your Buying Power

• Before you begin your search, interview several lenders.
• Obtain a written Pre-Approval letter for a loan.

3. Finding the Right Homes

• Communicate your wants and needs with your Ann Arbor Real Estate Professional.
• Carefully consider these three basic elements of home search:
  • Location.
  • Price.
  • Property Type.
• Begin your search – Online.
• Select properties for Home Tours.
• Make your final choice.

4. Writing a Purchase Agreement

• Review comparable sales to determine an offer price.
• Sign sales documents – your Buyers Agent will submit them to Seller’s Agent for presentation to Seller.
• Deposit earnest money.
• Negotiations begin – offers must be in writing.
• Sign final accepted sales contract.
• Attorney review of final sales documents.